Binance clears MiCA license application with Greek regulator, update due by June 30
RWA Signal Insight
InfrastructureBinance has announced that the Hellenic Capital Market Commission (HCMC) found its MiCA license application compliant and forwarded it to the European Securities and Markets Authority (ESMA). This development follows a January 2026 filing by Binance's local subsidiary, Binary Greece, which was established with €25,000 in share capital. The exchange's positive update directly contradicts a June 16 Reuters report suggesting the Greek regulator intended to reject the application. With the MiCA transitional period ending on July 1, 2026, the outcome is critical for Binance's ability to continue operations across the European Union. A successful authorization would allow the exchange to passport its services to all 27 EU member states under the harmonized regulatory framework. Conversely, failure to secure a license by the deadline could force the world's largest crypto exchange to halt services for European customers. The upcoming ESMA board meeting will serve as the final arbiter for the application, setting a significant precedent for MiCA enforcement across the continent.
Key points
- Binance's subsidiary Binary Greece filed for a MiCA license in January 2026.
- HCMC reportedly forwarded Binance's compliant application to ESMA for final review.
- MiCA's transitional period concludes on July 1, 2026, requiring authorization for EU operations.
- Binary Greece was established as a single-shareholder company with €25,000 capital.
Background
MiCA (Markets in Crypto-Assets) is the European Union's comprehensive regulatory framework designed to standardize crypto-asset services across all member states. It introduces a passporting system where a license granted in one EU country allows a firm to operate throughout the entire bloc. The regulation aims to enhance consumer protection and market integrity by requiring Crypto-Asset Service Providers (CASPs) to meet strict compliance standards.